HomeMy WebLinkAbout11-10-2015 Finance Committee MinutesMinutes approved May 15, 2008
CITY OF SARATOGA
COUNCIL FINANCE COMMITTEE
ACTION MINUTES
DATE: November 10, 2015
TIME: 8:00 a.m.
LOCATION: Council Conference Room
Saratoga City Hall
13777 Fruitvale Avenue
Saratoga, CA 95070
ATTENDEES: Miller, Cappello
ABSENT:
OTHERS IN ATTENDANCE: Staff members: Lindsay, Furey, McFarlane, Babcock
Auditor: Sheldon Chavan, Chavan & Associates
1. Approval of Prior Finance Committee Meeting Minutes:
a) September 4, 2015 Minutes approved
2. Oral & Written Communications:
a) N/A
3. Old Business
A. Operating Fund Balance Reserve Policy
Action Item – Bring item back to next meeting (scheduled for Dec 11th). Send current Reserve
Policies to Finance Committee members for review.
Action Item – Prepare proposed policy revisions to annual Street Resurfacing CIP funding
to increase funding goal from $1 million to $2 million.
Action Item – Prepare proposed policy revisions for priority funding. Group requirements
to allow Council to provide direction on funding allocations as needed.
Action Item – Review Storm Drain funding needs and prepare proposed reserve and/or
funding policy for Finance Committee Review. Look into Storm Drain Master Plan.
Action Item – Review Parks funding needs and prepare proposed reserve and/or funding
policy for Finance Committee Review.
Action Item – Michael Taylor to find Community Center Master Plan and present to
Finance Committee
4. New Business
A. FY 2014/15 Audit Reports
Action Item – Received report, no action required.
B. Community Event Grants
Action Item – Received report, recommended a $35,000 budget for Community Event grant
funding be brought to Council, and additional funding for one full day ($20,000) and one
partial day ($10,000) street closure event. Recommended funding is to be brought to
Council for discussion at the December 16th meeting.
Minutes approved May 15, 2008
C. False Alarm Fine Appeal
Action Item – Received report, approved fine reduction for portion of false alarms.
D. SVCCEP Funding
Action Item – Received report, bring cost back to next Finance Committee meeting for
further discussion.
E. Code Enforcement Funding
Action Item – Received report, bring request for a Contract Service contract and $50,000
budget adjustment to Council for discussion
F. CIP Funding and priority policy for FY 2016/17
Action Item – Received report, bring recommended revisions to combine Street
Resurfacing Project, Residential Street Reconstruction, and four miscellaneous roadway
infrastructure system projects (sidewalks, storm drains, curb & gutters, bridges) back to
next Finance Committee meeting for further discussion.
G. Committee Items
Action Item – None.
H. Next FC meeting date
Action Item - Set next meeting date for Friday, December 11, 2015 at 8am
5. Adjournment